Tuesday, November 1, 2011

Greece Drops a Bomb on Europe

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tdp2664 InvestorPlace Well, the Europeans thought they had a deal. Yet it appears Greece had other plans. Proving yet again that Greece is not worthy of European Union membership and is incapable of handling the responsibility that comes with using the euro, Prime Minister George Papandreou threw October's grand debt bargain to the whims of the fickle Greek electorate by calling a referendum in January. The move appeared to catch all major parties to the deal — including Papandreou's own finance minister — completely by surprise and drew harsh criticism across the board. World stock markets tumbled on the news as investors are left to grapple with the question: What happens now? What happens if Greek voters



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